Top 4 Indian Tyre Companies

The India tyre market reached 196.3 Million Units in 2023. The market is primarily driven by the expanding automobile industry in the country. In addition, the increasing product adoption in passenger cars, buses, military vehicles, motorcycles, and trucks represents another major growth-inducing factor. Moreover, the Government of India has implemented several policies to promote the manufacturing and sale of tyres in the country. These policies have helped the tyre market to grow rapidly. Furthermore, rising disposable incomes, various technological advancements, and rapid infrastructural development across the country are some of the other factors propelling the market growth.

As per the analysis by IMARC Group, the top tyre companies are investing in research and development (R&D) activities to develop advanced product variants. They are also introducing new tyres to expand their product portfolio. For instance, in March 2021, Apollo Tyres launched Apterra Cross tyres for the SUV segment in India. Besides this, several leading players are also engaging in partnerships and mergers and acquisitions (M&As) to strengthen their foothold in the market. They are also increasing their production capacity to gain a competitive edge. Looking forward, IMARC Group expects the market to reach 253.9 Million Units by 2032, exhibiting a CAGR of 3% during 2024-2032..

Learn about opportunities, challenges, and trends in the Indian tyre market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Indian Tyre Industry 

The India tyre market has several major players, including MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., and Apollo Tyres Ltd. More information about these companies has been provided below. 

1. MRF Limited

MRF Limited is one of the leading tyre manufacturing companies in India. It produces a wide range of tyres for various applications, including passenger cars, motorcycles, trucks, buses, and off-road vehicles. The company is also involved in manufacturing conveyor belts, retreads, and advanced polyurethane products. Presently, MRF Limited has a vast distribution network in India, which includes over 2,500 dealerships and 23 offices across the country. It also has a significant presence in international markets, with exports to over 65 countries. In addition to its tyre manufacturing operations, MRF Limited is also involved in motorsports. It sponsors and participates in various motorsport events, including rallies, racing, and off-road competitions.

2. CEAT Limited

CEAT Limited is a leading tyre manufacturing company in India. It manufactures a wide range of tyres for passenger cars, motorcycles, trucks, buses, and off-road vehicles. The company is also involved in manufacturing tubes and flaps for tyres. CEAT Limited has a strong research and development team, which works toward developing innovative products and improving the quality of its existing products. The company has three research and development centers in India and one in Germany, and it has also set up a state-of-the-art testing facility in Pune to ensure that its tyres meet the highest quality standards. Moreover, CEAT has a vast distribution network, including over 4,000 dealerships and 37 offices across the country. The company also has a significant presence in international markets, with exports to over 100 countries.

3. JK Tyre & Industries Ltd

JK Tyre & Industries Limited manufactures, markets, and distributes automotive tyres, tubes, and flaps in Mexico, India, and internationally. It offers truck, bus, light and small commercial vehicles, farm, passenger car radial, off-the-road and industrial, military, specialty, two- and three-wheeler, motorcycle, scooter, racing car tyres, and retreads. It also operates tyre care centers that provide repair, inflation pressure check, wheel alignment and balancing, rotation, and servicing of tyres. At present, JK tyres market its products and services through a network of around 600 Steel Wheels, Truck Wheels, and Retread centers and 650 brand shops. Moreover, the company also has a significant presence in international markets, with exports to over 100 countries.

4. Apollo Tyres Ltd.

Apollo Tyres Limited manufactures and sells automotive tyres, flaps, and tubes in the Asia Pacific, the Middle East, Africa, Europe, and internationally. It provides passenger cars, multi-utility vehicles, light trucks, truck-bus, agriculture, sports utility vehicle, specialty, bicycle, industrial, off-highway, and two-wheeler tyres. The company is also involved in the production of specialty tyres, such as those used in mining, construction, and aviation. Presently, Apollo markets its products under the Apollo and Vredestein brands and has a vast distribution network in India, which includes over 5,000 dealerships and 17 offices across the country. Moreover, the company has five manufacturing units in India, one in the Netherlands and one in Hungary.

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